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Isaac Newton's Theories Make a Huge Number of Predictions, and the Evidence

question 33

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Isaac Newton's theories make a huge number of predictions, and the evidence generally fits with the predictions. Nonetheless, most physicists believe that Newton's theories are wrong; that is, they describe only a limited range of cases, rather than all of reality. This state of affairs highlights the ambiguity of:


Definitions:

Specialize

Concentrating on and becoming expert in a particular subject or skill.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, enabling more efficient trade.

Production Possibilities Line

A curve depicting all maximum output possibilities for two goods, given a set of inputs.

Trading Possibilities Line

A graphical representation showing the combinations of goods that a country can produce or trade given the resource constraints and technology.

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